News Explorer — Hyperliquid Pauses Withdrawals Over Suspicious Trades

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Nov 12, 7:55 pm

Decrypt

Hyperliquid Pauses Withdrawals Over Suspicious Trades

Hyperliquid traders faced temporary deposit and withdrawal issues due to potential malicious Popcat trades, causing a $4.9 million loss in the community-owned vault. An individual's $20 million long positions on Popcat led to liquidation, impacting the vault's funds and prompting delisting of Solana-based JELLYJELLY.

Hyperliquid traders faced temporary deposit and withdrawal issues due to potential malicious Popcat trades, causing a $4.9 million loss in the community-owned vault. An individual's $20 million long positions on Popcat led to liquidation, impacting the vault's funds and prompting delisting of Solana-based JELLYJELLY.

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